News

Western Australian Opposition Leader Zak Kirkup has unveiled an ambitious new energy policy in the lead up to the state election, announcing a $400 million jobs and renewable energy plan which would see coal phased out along with big investments in solar, wind and hydrogen.

Energy utility AGL has reaffirmed its ambition to have 850 MW of new large-scale battery storage in its portfolio by the end of 2024 after announcing falling power prices and an outage at the coal-fired Liddell Power Station in New South Wales had wiped out more than a quarter of its half-yearly profit.

The highly successful Western Australian community battery rollout continues with the expansion of the PowerBank trial, run by the state’s biggest generator and retailer Synergy in conjunction with state-owned network operator Western Power.

Macquarie owned Green Investment Group’s Renewable Energy Fund 2 has far exceeded its own expectations by raising over AUD$2.5 billion in investment commitments for large-scale solar and wind projects all over the world, including Australia.

The University of New South Wales along with several other universities and the CSIRO are embarking on a feasibility study into how New South Wales can utilise excess renewable energy to make fuel, chemicals and feedstocks for industry. The aim is to develop a plan for how fuels and chemicals such as green hydrogen and ammonia produced from renewables can decarbonise industry and grow manufacturing.

At present, China accounts for almost 75% of global lithium-ion battery manufacturing capacity and this share is set to increase through the short term with its build-out of new facilities. And although the US and Europe are enacting policies to encourage domestic battery production, there has been a distinct lack of support for investment in the supply and refining of the raw materials to achieve this. In China, the opposite holds true. 

Long-standing solar PV manufacturer Suntech is set to expand its offerings in the Australian market with the imminent release of sister company Sunways’ range of single-phase inverters.

Oil and gas exploration and development company Real Energy continues to pursue its hydrogen ambitions, entering into a key partnership with Port Anthony Renewables to build and develop a large-scale hydrogen production facility in eastern Victoria.

Australian engineer Daniel Westerman has been chosen to head the Australian Energy Market Operator (AEMO) as the nation continues to navigate a rapid transformation of the generation mix.

The Australian Renewable Energy Agency is funding Jemena to the tune of $1.6 million toward a new trial in which various electricity networks in Victoria, ACT, and Tasmania will manage residential EV charging to better prepare the grid for a time when mass charging will take place at peak periods.